Personal Loan Assistance in India
Explore personal loan options from banks and NBFCs, understand interest rates and processing fees, check indicative EMI, prepare your documents and submit an enquiry for assistance. The lender decides eligibility, pricing and final approval.
Personal Loan Interest Rates of All Banks & NBFCs
Compare personal loan interest rates, maximum loan amounts, repayment tenures and processing fees across private sector banks, public sector banks and NBFCs. Explore your options with LoansBazaar India.
The tables below present the supplied personal loan interest rates, maximum loan amounts, maximum tenures and processing fees. Compare these features and check the applicable terms with the lender before proceeding with an application.
Personal Loan Rates from Top Private Sector Banks
| Bank / NBFC | Interest Rate (p.a.) | Max Loan Amount | Max Tenure | Processing Fee | Action |
|---|---|---|---|---|---|
| Axis Bank Personal Loan | 9.99% onwards* | Rs. 40 lakh | 84 months | Up to 2% | Apply Now |
| Bandhan Bank Personal Loan | 8.86% onwards | Rs. 25 lakh | 60 months | Up to 3% | Apply Now |
| Federal Bank Personal Loan | 10.49% onwards | Rs. 25 lakh | 60 months | Up to 3.99% | Apply Now |
| HDFC Bank Personal Loan | 9.99% onwards | Rs. 50 lakh | 84 months | Up to Rs. 6,500 | Apply Now |
| ICICI Bank Personal Loan | 9.99% onwards | Rs. 50 lakh | 72 months | Up to 2.5% | Apply Now |
| IDFC FIRST Bank Personal Loan | 9.99% onwards | Rs. 15 lakh | 60 months | Zero | Apply Now |
| IndusInd Bank Personal Loan | 10.49% onwards* | Rs. 50 lakh | 60 months | Up to 3.5% | Apply Now |
| J&K Bank Personal Loan | 12.00% onwards | Rs. 50 lakh | 84 months | Up to 1% | Apply Now |
| Kotak Mahindra Personal Loan | 9.95% onwards* | Rs. 1 crore | 72 months | Up to 5% | Apply Now |
| Yes Bank Personal Loan | 10.50% onwards | Rs. 50 lakh | 72 months | Up to 2.5% | Apply Now |
Personal Loan Rates from Top Public Sector Banks
| Bank / NBFC | Interest Rate (p.a.) | Max Loan Amount | Max Tenure | Processing Fee | Action |
|---|---|---|---|---|---|
| Bank of Baroda Personal Loan | 10.40% onwards | Rs. 50 lakh | 84 months | Up to 2% | Apply Now |
| Bank of India Personal Loan | 11.10% - 16.15% | Rs. 20 lakh | 84 months | Up to 1% | Apply Now |
| Canara Bank Personal Loan | 9.95% - 16.00% | Rs. 30 lakh | 84 months | Up to 0.50% | Apply Now |
| Indian Bank Personal Loan | 9.00% onwards | Rs. 50 lakh | 84 months | Up to 1% | Apply Now |
| PNB Personal Loan | 10.50% - 17.05% | Rs. 20 lakh | 84 months | Up to 1% | Apply Now |
| Punjab & Sind Bank Personal Loan | 9.90% onwards | Rs. 20 lakh | 84 months | 0.50% - 1% | Apply Now |
| SBI Bank Personal Loan | 10.00% onwards | Rs. 50 lakh | 84 months | Up to 1.50% | Apply Now |
| Union Bank Personal Loan | 9.15% - 12.90% p.a. | Rs. 50 lakh | 84 months | Up to 1% | Apply Now |
Personal Loan Rates from Top NBFCs
| Bank / NBFC | Interest Rate | Max Loan Amount | Max Tenure | Processing Fee | Action |
|---|---|---|---|---|---|
| Bajaj Finance Personal Loan | 10.00% - 30.50% | Rs. 55 lakh | 108 months | Up to 1.2% | Apply Now |
| Cashe Personal Loan | 2.79% per month | Rs. 3 lakh | 15 months | Up to 2.5% | Apply Now |
| Dhani Personal Loan | 13.99% onwards | Rs. 15 lakh | 24 months | Up to 3% | Apply Now |
| DMI Finance Personal Loan | 11.99% onwards | Rs. 10 lakh | 48 months | Up to 3.25% | Apply Now |
| Hero Fincorp Personal Loan | 17.00% onwards | Rs. 5 lakh | 48 months | Up to 2.5% | Apply Now |
| Home Credit Personal Loan | 1.6% per month | Rs. 4.80 lakh | 60 months | Up to 3.9% | Apply Now |
| Kissht Personal Loan | 18% onwards* | Rs. 2 lakh | 72 months | 2% - 5% | Apply Now |
| Kreditbee Personal Loan | 17% onwards* | Rs. 5 lakh | 72 months | 2% - 5% | Apply Now |
| MoneyTap Personal Loan | 1.25% per month | Rs. 5 lakh | 36 months | Up to 3.5% | Apply Now |
| Moneyview Personal Loan | 14.00% onwards | Rs. 10 lakh | 60 months | 2% onwards | Apply Now |
| mPokket Personal Loan | Up to 36% p.a. | Rs. 2 lakh | 24 months | Up to 3.75% | Apply Now |
| Paysense Personal Loan | 1.4% per month | Rs. 5 lakh | 60 months | Up to 2.5% | Apply Now |
| Tata Capital Personal Loan | 10.99% onwards | Rs. 35 lakh | 72 months | Up to 3.5% | Apply Now |
Explore Personal Loan Options with LoansBazaar India
Submit your loan enquiry or estimate your monthly instalment using our EMI calculator.
Personal Loan Master Comparison Table
Compare leading NBFCs and finance companies by loan amount, maximum repayment tenure, minimum interest rate and processing fees. Review the available information before submitting your personal loan enquiry.
Use the comparison table below to review the loan ranges, repayment tenures, minimum stated interest rates and processing fees supplied for the listed financiers. The applicable offer depends on the lender's current product terms and the applicant's eligibility.
Master Comparison Table – Personal Loan NBFCs
| Financier / NBFC | Loan Amount Range | Max Tenure | Min Interest Rate (p.a.) | Processing Fee | Apply Online |
|---|---|---|---|---|---|
| Aditya Birla Finance (ABFL) | ₹1 Lakh – ₹40/50 Lakh | Up to 84 Months (7 yrs) | 10.99% | Up to 4% + GST | Apply Now |
| Poonawalla Fincorp | ₹1 Lakh – ₹50 Lakh | Up to 84 Months (7 yrs) | 9.99% | Up to 4% + Taxes | Apply Now |
| L&T Finance | Up to ₹30 Lakh | Up to 72 Months (6 yrs) | 10.50% | Up to 4% | Apply Now |
| Piramal Capital | ₹50,000 – ₹25 Lakh | Up to 60 Months (5 yrs) | 12.14% | Up to 5% + Taxes | Apply Now |
| Cholamandalam (Chola) | Up to ₹35 Lakh | Up to 60 Months (5 yrs) | 10.00% | Up to 4% (App loans: 4%–6%) | Apply Now |
| Finnable | Up to ₹10 Lakh | Up to 60 Months (5 yrs) | 16.00% | 4% to 5% + GST | Apply Now |
| InCred | Varies by profile | Up to 60/84 Months | 16.00% onwards | 2% to 5% typically | Apply Now |
| SMFG India Credit | Up to ₹10/30 Lakh | Up to 60 Months (5 yrs) | 11.99% onwards | 2% to 6% typical | Apply Now |
| FatakPay / CreditVidya / MAS Financial | Micro-ticket / customized | 3 to 36 Months | 18.00% onwards | Up to 5%–10% | Apply Now |
Find Personal Loan Options with LoansBazaar India
Submit an enquiry for loan assistance or estimate your monthly instalment using the EMI calculator.
Personal Loan Lenders Comparison
Compare indicative loan amounts, repayment tenures, starting interest rates and processing fees across selected banks and NBFCs before submitting a loan enquiry.
Compare Requested Banks & NBFCs
| Lender / Category | Maximum Loan Amount | Maximum Tenure | Starting Interest Rate | Processing Fee | Enquiry |
|---|---|---|---|---|---|
| AU Small Finance Bank | Up to ₹15 Lakh | Up to 60 months (5 years) | 11.00% p.a. | Up to 4% (minimum ₹2,000) + GST | Apply Now |
| Utkarsh Small Finance Bank | Up to ₹20 Lakh | Up to 84 months (7 years) | 14.00% p.a. | Up to 2% + GST | Apply Now |
|
Axis Finance (NBFC)
/ Axis Bank | Up to ₹50 Lakh | Up to 84 months (7 years) | 9.99% p.a. | Up to 2% + GST | Apply Now |
| IDFC FIRST Bank | Up to ₹1 Crore ₹15 Lakh via FIRSTmoney | Up to 60 months (5 years) | 9.99% p.a. | 0% to 2% + GST | Apply Now |
Looking for Personal Loan Assistance?
Submit an enquiry to explore suitable loan options. You can also estimate your EMI before making a decision.
4. Personal Loan Eligibility Criteria
To qualify for a personal loan, applicants generally need to meet certain eligibility requirements. Banks and NBFCs assess age, income, credit score, employment stability and repayment capacity before making a lending decision.
1. Age Criteria
Applicant's age should generally be between 21 and 60 years, subject to the lender's policy.
2. Monthly Income
Net monthly income should be at least ₹15,000 for salaried and self-employed applicants, subject to lender requirements.
3. Annual Business Transactions
Self-employed applicants should have minimum annual business transactions of ₹20 lakh, where applicable under the lender's policy.
4. Credit Score
A credit score above 650 is preferred under these general criteria. Some lenders may require a higher score.
5. Debt-to-Income Ratio
Existing EMIs and other financial obligations should be reasonable in relation to monthly income and lender limits.
6. Employment Stability
Salaried applicants should demonstrate employment stability. Self-employed applicants may need to show business continuity and consistent income.
7. Good Credit Profile
A satisfactory credit history and responsible use of existing credit facilities may support the eligibility assessment.
8. Repayment History
A clear repayment record, with no significant overdue payments or defaults, is generally preferred by lenders.
9. Residential Status
The applicant must be a resident citizen of India and meet the lender's KYC requirements.
Documents Generally Required
Depending on your employment type and the selected lender, you may be asked to provide the following documents:
- PAN Card and valid identity proof.
- Aadhaar Card or other accepted address proof.
- Bank statements, generally for the latest 3–6 months.
- Salary slips latest 3-6 month and employment proof for salaried applicants.
- ITR, GST returns and business proof for self-employed applicants, where required.
- Business financial statements or other income evidence, if requested.
- Recent photograph and any additional documents required by the lender.
Check Your Personal Loan Options
LoansBazaar India assists with loan enquiries, comparison, document preparation guidance and application assistance. Final approval is decided by the lender.
Personal Loan Fees & Charges in India
Understand processing fees, EMI bounce charges, late payment penalties, prepayment rules and important loan costs before applying.
📊 Personal Loan Fees & Charges at a Glance
| Particulars | Indicative Charges | Important Details |
|---|---|---|
| Processing Fees | 0.5%–4% of loan amount | GST may apply; confirm the lender's exact fee. |
| Stamp Duty | As applicable / actuals | Depends on applicable state rules and documents. |
| EMI / Cheque Bounce | Around ₹400 per bounce | Illustrative only; lender charges can differ. |
| Legal / Documentation Fees | As applicable / actuals | Check whether these charges apply to your loan. |
| Prepayment / Foreclosure | May be 1%–5% where permitted | Depends on loan terms and applicable RBI directions. |
| Late Payment Charges | Varies by lender and agreement | Check overdue and penal-charge terms in writing. |
These are general indicative ranges, not a confirmed fee schedule for every lender. Verify the current charges, taxes and conditions with the relevant bank or NBFC.
💳 1. Processing Fees on Personal Loans
What is a processing fee?
A lender may charge a fee for evaluating and processing a loan application. The amount depends on its policy, loan product and applicant profile.
How is it collected?
The fee may be deducted from the disbursed amount or collected separately, according to the lender's terms. GST may be additional.
Example: A 2% processing fee on a ₹2,00,000 loan equals ₹4,000 before any applicable GST. This is an illustration, not a specific lender offer.
🔄 2. Prepayment and Foreclosure Charges
Prepayment means paying part of the outstanding loan early. Foreclosure means repaying the full outstanding balance to close the loan before the scheduled end date.
Charges, lock-in periods and part-payment limits vary. Request a written foreclosure statement and check the loan agreement before making an early repayment.
⏰ 3. Late Payment Penalties & EMI Bounce Charges
If an EMI is not paid on time, charges may apply as permitted by the loan agreement and applicable regulations. Failed auto-debit or cheque payments can also attract a separate bounce fee.
Pay on time
Set reminders and keep sufficient balance in your repayment account before the EMI date.
Protect your credit profile
Missed or delayed EMIs may affect your credit profile if reported to credit information companies.
✅ 4. How to Compare Personal Loan Costs
📄 Review the KFS
Read the Key Facts Statement, APR, repayment schedule and disclosed charges before accepting an offer.
📊 Compare the APR
Consider the overall annualised cost and fees instead of relying only on a starting interest rate.
✍️ Confirm all fees
Ask for written terms for processing, late payments, bounce charges and early repayment.
🧮 Plan your EMI
Use an EMI calculator and select a repayment amount that fits your monthly budget.
Need Personal Loan Assistance?
Submit an enquiry to explore available options. The lender decides eligibility, interest rates, charges and final approval.
🌟 Explore Other Loan Products
LoansBazaar India provides loan enquiry and application assistance across a range of loan categories, subject to availability and lender eligibility.
❓ Frequently Asked Questions (FAQs)
1. What fees are charged on a personal loan?
Common charges may include processing fees, applicable stamp duty, EMI bounce charges, documentation costs and permitted late-payment or foreclosure charges. Check the lender's current schedule of charges.
2. How much is the personal loan processing fee?
A general indicative range is 0.5%–4% of the loan amount, but the actual fee depends on the lender, product and offer. GST may apply.
3. Is GST charged on processing fees?
GST may apply to processing and certain service charges. Confirm the exact tax breakup in the lender's fee schedule or KFS.
4. What happens if my EMI bounces?
The lender may charge a bounce fee and other applicable overdue or penal charges. Check the loan agreement and contact the lender if a payment fails.
5. Can I close my personal loan early?
Early closure may be available subject to the agreement, any applicable lock-in period and relevant regulations. Ask the lender for a written foreclosure quote.
6. Are personal loan foreclosure charges banned by RBI?
RBI directions restrict prepayment charges for certain categories of floating-rate loans. Applicability depends on the loan, borrower, lender and relevant effective date. Check the current direction and your agreement.
7. Can a lender charge for late EMI payment?
Charges may apply as allowed by applicable rules and the loan agreement. Request the lender's penal-charge policy and calculation in writing.
8. Will missing an EMI affect my CIBIL score?
A delayed or missed EMI may affect your credit profile if reported to a credit information company. Try to pay on time and contact the lender if you face repayment difficulties.
9. What is the difference between prepayment and foreclosure?
Prepayment usually means paying part of the outstanding balance early. Foreclosure means repaying the full outstanding amount to close the loan early.
10. How should I compare personal loan offers?
Compare APR, interest rate, processing fee, EMI, total repayment, tenure, late-payment terms and foreclosure conditions. Read the KFS and loan agreement before accepting.
11. Does LoansBazaar India guarantee loan approval?
No. LoansBazaar India provides loan enquiry and application assistance. The respective lender independently assesses eligibility and decides the loan amount, rate and final approval.
12. How can I contact LoansBazaar India?
Visit the website or email the team using the contact details below to submit your enquiry.
📞 Contact LoansBazaar India
🏢 LoansBazaar India
Digital Loan Assistance Platform
🌐 Website: loansbazaarindia.com
📩 Email: info@loansbazaarindia.com
🤝 Partner Enquiries: partner@loansbazaarindia.com
📱 Contact: 9702878434 / 9137420845
🕘 Office Hours: Monday–Friday, 9:00 AM–6:00 PM IST